Qimonda AG American Depositary Shares (fka QMNDQ)

[Olmec]

Sistema eyes Infineon stake
From Dow Jones Newswires
Friday 14 August 2009
Russian conglomerate interested in chip maker's 77% stake in Qimonda.

Russian conglomerate OAO AFK Sistema may become a shareholder in German semiconductor maker Infineon Technologies AG, business daily Kommersant reports Friday, saying that President Dmitry Medvedev will discuss the issue Friday at a meeting with Chancellor Angela Merkel.

A person familiar with the talks tells the paper the issue is focused on microchip producer Qimonda AG, in which Infineon has a 77% stake.

The Russian government works closely with companies expanding outside the country. State development bank VEB earlier this year lent Sistema's technology unit EUR815 to buy microelectronics equipment from AMD in Germany.

http://www.totaltele.com/view.aspx?ID=448103

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